Archive for January 4, 2016

American consumers are notorious for getting themselves in debt. Consumers owe over $11.91 trillion in various forms of debt, with credit card debt being among the most popular type of funds owed. Does your debt contribute to this shocking statistic? Read below to learn three key ways to reduce debt.

Establish a budget.The first step to reduce debt is to make a clear plan of how to do so. By establishing a budget, you can allocate your funds accordingly and put a portion towards repaying your debts. A budget will not only start the debt repayment process, but it will help you figure out how long it?ll take you to fully pay them off. Determine how much of your money needs to go to household bills, and then to your debts.
If budgeting isn?t for you, you may wan